What did kings do with their money?

Kings collected money in a number of ways. One way was to go to war and pillage other lands. Other ways included fees charged to their lords and taxes levied on the people. Some lords paid the king “shield money” instead of going to war.

What was life like for the rich in medieval times?

The homes of rich people were fancier than those of the peasants. They had paved floors and tapestries sometimes hung on walls. They made the house warmer. Only the rich people had glass in their windows.

What did rich people do for fun in the medieval times?

People of the Middle Ages enjoyed a variety of games. One popular game among the nobility was chess. Chess came to Europe from Persia in the 9th century. Other games included gambling with dice, blind man’s bluff, checkers, horse races, and playing cards.

Where did the rich live in medieval times?

In the later medieval period the houses of the rich were made out of brick. However, brick was very expensive so many chose to make the half-timbered houses that are now commonly referred to as Tudor houses. Tiles were used on the roofs and some had chimneys and glass in the windows.

How did people make money in medieval England?

Medieval Money & Coins Money was earned by those living in both the city and the country alike, made up of farmers, ranchers, day laborers, artisans, porters, retailers and venders, but there were also the unemployed. Citizens were in general very poor, although there were those who made a pretty good living.

How did peasants make money?

The one thing the peasant had to do in Medieval England was to pay out money in taxes or rent. He had to pay rent for his land to his lord; he had to pay a tax to the church called a tithe. A peasant could pay in cash or in kind – seeds, equipment etc. Either way, tithes were a deeply unpopular tax.

How did people become rich in medieval times?

A rising middle class of urban artisans, craftsmen, and merchants began to unsettle the system; merchants in particular could grow quite wealthy indeed, if they were smart (and lucky) and some even began buying titles, either for themselves or their children, thus becoming gentry themselves.

How did people used to entertain themselves?

In the past, people had fun in many of the same ways we do today. They played games, told each other stories, and played music. People in the past listened to it the same way. Early humans used music to bring their communities together.

How was life different for rich and poor medieval times?

During the Medieval Ages, those who were rich and wealthy were far better off than the poor peasants. Rich people had access to better healthcare, food, clothing, housing, and much more. In this prezi, the housing of wealthy nobleman and poor peasants are compared.

How much was money worth in medieval times?

The standard unit of currency since medieval times has been the pound (£). A pound was 20 shillings (s), and a shilling was 12 pence (d, for denarius or the Roman penny), so a pound also was equivalent to 240 pence.

How did medieval governments make money?

Under the Norman and Angevin kings, the government had four main sources of income: (1) income from lands owned directly by the king, or his demesne lands, (2) income that derived from his rights as a feudal overlord, the feudal rights such as feudal aid or scutage (3) taxation, and (4) income from the fines and other …

What did rich people use for money in medieval times?

Rich people of medieval period also used the pounds, schillings and pence. A schilling was used to be equal to 12 pence, while 20 schillings made a pound. During the 13th century, large amount of bigger silver coins (pennies) were introduced which were known as groats. A groat was around four times bigger than a small ordinary penny.

How do the rich and poor spend their money?

How The Poor, The Middle Class And The Rich Spend Their Money : Planet Money The poor spend more of their money on essentials like groceries and utilities. The rich spend more on education. For a historic look at spending in America, see our post What America Buys.

How did mints become wealthy in the Middle Ages?

Like wealthy merchants they owned property and real estate. This lasted for centuries until near the end of the middle ages when mints were returned to their usual meager status as lower class laborers., Throughout the middle ages one form of wealth and currency was goods for trade.

How did slavery affect wealth and currency in the Middle Ages?

One major aspect of wealth and currency in the middle ages was the use of slavery. Slaves in medieval times were more likely to be a modified form of slavery called serfdom or servants.